Trump’’s World Liberty Financial sells over 1 billion tokens

Donald Trump-backed crypto venture World Liberty Financial (WLFI) has reached a milestone, raising around $15 million so far after surpassing one billion tokens sold on Election Day. World Liberty Financial released a ‘Gold Paper,’ which highlighted the project’s goals, rules and intentions that included the supply of 20 billion tokens upon launching. However, the project…

Binance bets big on Thailand for crypto expansion

Crypto-friendly regulations in Thailand have lured Binance to prioritise the country as a key market to reach its mission of one billion users. Citing Binance chief marketing officer Rachel Conlan, Binance eyes Thailand as a key market for its goal amid a push to turn crypto into a mainstream currency. Thailand is among the top…

U.S. crypto market soars following Trump victory

The U.S. crypto market experienced a remarkable surge in stock values following a major political shift and a record-breaking Bitcoin high. With a sweeping election win by Donald Trump, crypto-focused companies closed the trading day with double-digit gains. His victory, combined with a potential GOP-controlled Congress, sets the stage for crypto-friendly policies and new legislative…

Crypto betting’s impact on Trump vs. Harris presidential election

As the 2024 U.S. presidential election heads into its final stretch, the race between Republican candidate Donald Trump and Democratic contender Kamala Harris has captured global attention. In an era marked by unprecedented political shifts and economic volatility, new factors like crypto prediction markets and financial predictions are shaping public perception. Platforms like Polymarket and…

Consensys CEO blames SEC’s ‘abuse of power’ for 20% job cuts

Consensys, the blockchain powerhouse behind the popular MetaMask crypto wallet, has recently announced layoffs impacting more than 160 employees across all divisions. The move comes amid legal challenges, economic pressures, and growing friction between the crypto industry and U.S. regulators. Founded in Brooklyn in 2014 by Joe Lubin, Consensys has evolved into a leading company…

Binance unveils first crypto exchange platform for wealth managers

Binance has taken a major step to connect traditional finance with the cryptocurrency world by launching Binance Wealth. This new platform is designed for wealth managers and their high-net-worth clients, offering an easy and efficient way to enter the crypto market. By providing a system that allows for discretionary control similar to traditional wealth management,…

Russia’s new crypto law expands state control over digital assets

Russian government released a significant document detailing a new law signed by President Vladimir Putin. This legislation introduces sweeping changes to the regulation of digital currencies and, notably, cryptocurrency mining in Russia. The law, set to take effect on November 1, strengthens government control over mining activities and the infrastructure that supports them. Overview of…

Ripple CEO loses long-standing bank account due to crypto ties

Brad Garlinghouse, the CEO of Ripple, recently made a startling revelation about being debanked due to the ongoing regulatory scrutiny facing figures within the cryptocurrency industry. In an interview with CNBC, Garlinghouse recounted how a major bank, with which he had maintained an account for 25 years, suddenly informed him that he needed to move…

Nigeria withdraws charges against Binance’s executive

Nigeria’s legal battle with Binance executive Tigran Gambaryan (pictured above) has taken a new turn. Gambaryan faced charges of money laundering worth $35.4 million. However, amidst the ongoing court proceedings and rising health concerns, the Economic and Financial Crimes Commission (EFCC) has decided to drop the charges to allow him to seek medical treatment abroad.…

Crypto regulation in Philippines: Check BSP’’s latest VASP list

The Bangko Sentral ng Pilipinas (BSP) has revised its list of licensed Virtual Asset Service Providers (VASPs), adding new players while severing ties with firms that were inactive or no longer operational. This update not only underscores the regulatory vigilance of the BSP but also sends a clear message to the crypto community in the…